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The Best of 2012: Making the Most of Missteps: At Harvard Social Enterprise Conference, SKS’s Akula Opens up on Failure
Conferences usually are not the venue for owning up to failure. But on first day of the 2012 Social Enterprise Conference, Vikram Akula, the founder of SKS Microfinance who left the organization in November 2011, made just such an confession.
- Categories
- Finance
- Tags
- failure, microfinance
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Adult population access to MFBs swells by 4.6m
The number of adult population that have a microfinance bank account rose to 4.6 million or 5.2 percent in 2012 as against 3.2 million or 3.8 percent in 2010, representing 1.2 million increase, according to Enhancing Financial Innovation & Access (EFInA)’s access to financial services in Nigeria 2012 survey report.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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MICROCAPITAL BRIEF: MasterCard Foundation, CGAP Announce $11.4m Partnership for Branchless Banking, Client Research
The MasterCard Foundation, a Canada-based nongovernmental organization (NGO) supporting microfinance and education, and CGAP (Consultative Group to Assist the Poor), a US-based nonprofit policy and research center, recently announced a USD 11.4 million partnership to develop low-cost financial products to assist people living in poverty.
- Categories
- Uncategorized
- Tags
- microfinance
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Impact Investing’s Next Hurdle: Better Networking
Tess Mateo is a matchmaker. Her job is to interest private investors in projects throughout the world that will improve the quality of life for people and protect the environment. It is not unusual for her to touch down on four continents in the same number of weeks.
- Categories
- Uncategorized
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Symbiotics’ impact bond issuance platform lends 10 million dollars to AccessBank in Azerbaijan
Azerbaijan’s leading microfinance bank, AccessBank, received 10 million dollars through MSME Bonds, Symbiotics’ impact bond issuance platform, on November 20, 2012.
- Categories
- Uncategorized
- Region
- North Africa & Near East
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Accion’s Frontier Investments Group and Saama Capital Invest $4 Million in Mortgage Company
Early-Stage Equity to Help Expand Shubham Housing's Mission to Serve Urban Poor
- Categories
- Uncategorized
- Region
- South Asia
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M-Shwari platform set to shake up small loans market
Safaricom subscribers can now operate mobile-based savings accounts, earn interest on their deposits and borrow small loans in a move set to raise competition against banks, saccos and shylocks.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- microfinance
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‘We are now treading cautiously on lending’
Dena Bank Chairperson and Managing Director Nupur Mitra, who is due to retire on December 31 this year, feels that customers at the bottom of the pyramid offer lot of opportunities for banks to expand business.
- Categories
- Uncategorized
- Region
- South Asia
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